Asian markets are climbing for a second session, while the Dow Jones Index surged 5.1% overnight
The JSE could take its lead from recovering Asian markets on Tuesday morning, as hopes of global central bank stimulus helps equities recover from the battering they have taken from the coronavirus.
An impending round of fresh central bank easing is not going to make the viral outbreak go away, said National Australia Bank analyst Ray Attrill in a note. But this thought is playing second fiddle so far this week to the prospect of yet more central bank largesse,” he said. In morning trade on Tuesday the Shanghai Composite was up 1.36% while the Hang Seng had firmed 0.78%.Gold was up 0.66% to $1,559.64/oz, while platinum had risen 1.32% to $869.25. Brent crude was 0.23% lower at $52.94 a barrel.
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